Mr Kwek Kon Chun, 35, was killed in a car accident in Kuala Lumpur on Sunday.
His family issued a statement on Monday afternoon.
It read: "Mr Kwek was a non-executive director of Tasek Corporation Berhad, a subsidiary of Hong Leong Asia and pursued his own Entertainment businesses outside the Group.
"His father, Mr Kwek Leng Keow, is the managing director of Hong Realty, the private property company within the Hong Leong Group Singapore. He was also the nephew of Hong Leong Group Director, Mr Kwek Leng Peck."
The statement added that the wake will be held at 11, Tanglin Hill.
The funeral mass will be held at 3pm at the Church of St Ignatius on Nov 13.
The cortege will leave after mass for Mandai Crematorium Hall 1, for the cremation at 5pm.
The statement continued: "The family is still in shock at the untimely death of Kon Chun and has requested to be allowed to grieve in private. The family would like to extend their condolences to the family of the late Franco Toh, the other victim in the same accident."
Mr Toh, 43, died on the spot too in the crash as he was a passenger in Mr Kwek's Porsche 911 Turbo.
Mr Kwek had, only hours earlier, won a drag race with the same car in Sepang international circuit.
Mr Kwek co-owned Neverland Group, which runs several nightspots, including club Sonar at Orchard Hotel, Neverland II at St James Power Station and Pixie Mansion (formerly Neverland KL) in the Malaysian capital.
Mr Toh, a Singapore citizen who was born in Hong Kong, was Neverland's regional marketing director.
The vehicle crashed along the KL-Seremban Expressway at about 2.30am in Desa Petaling, according to Malaysian police.